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2021-12-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1411212020 end date Period start date To 3111212021 Period Charity name: Career Compass Charity rggistration number: 1192775 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its governing document The advancement Of education for the public benefit of socially disadvantaged young people who are secondary school students in state education in London or elsewhere in the UK, in particular but not exclusively by educaling said young people in the working practices and methods of professional organisations by offering mentoring programmes and seminars from indust ex erts. Career Compass offers the following programmes to state educated sixth form students in London.. Mentoring programmes, designed to improve the students, employability.. CV Workshop Interview Skills Training Email Etiquette Class Financial Education Workshop Personal Statement Training Cover Letter Writing Class Induslry oveNiew session to give students an insight into an industry that is of interest to them Currently covering 10 different industries Help in finding work placements Advertise partner programmes, that are majorly aimed at BAME and female students, as well as students from under ed back round$. The trustees are aware of the guidance issued. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.178nd 1.19 Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18

Addltlonal information (optional) You ma hoose to include further 51atemenls where relevant about.. SORP ref8r?nf NIA Para 1.38 Policy on grant making NIA Policy on social investment including program related investment Para 1.38 NIA Para 1.38 Conlribution made by volunteers Other Achievements and Performance SQRP tyference Career Compass is currently working with 100+ state schools across London. W6 have helped 1,OOOs of students gain the work placement of their interest and get inlo the university of their choice. We are closely working with each student to clearfy idèntify their need and help them best prepare for their future working life. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of ils beneficiaries and any wider benefits to society as a whole. P3ra 1.20 Additlonal informatlon loptional) You ma choose to include further statements where relevant about-. We have aimed to be working with 100 schools by the end ofthe 21122 school year and we confidently reached this goal. Achievements against objectives set Para 1 41 NIA

Perfornian￿ of fundraising activities against objectives Pars 1.41 NIA Investment performance against objectives Para 1.41 other

Financial Review Review of the charily's financial position at the end of Ihe eriod statement explaining the policy for holding reserves statin wh the are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Pars 1.21 The charity has surplus for the year £18,692. The charity is holding £19,557 in cash and have current liabilit of £865. We make sure that we have sufficient funds lo meet the ongoing financial commitments. Para 1.22 Para 1.22 £19 557 NIA Para 1.22 Para 1.24 NIA Para 1.23 No uncertainty Additional infomiation (optlonal) You ma choose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Par8 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing Ihe charity Paio 1.46 Other

Structure, Governance and Management Descriplion of charity's twsts: Type of governing document trust deed ro al charter How is the charity constituted? le.g unincorporated association, CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Pora 1.25 Constitution Pora 1.25 cio P?ra 1.25 (a} Every charity trustee must be natural person. (bl No individual may be appoinled as a charity trustee of the CIO.. .rf he or she is under the age of 16 years. or .ff he or she would automatically cease to hold office (c) No one is entitled to art as a charity trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the Offi￿ of harity trustee. {d) At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees, or appoint a new charity trustee. Additional inforniation (optional) You ma choose to include further statements where relevant about: Every new trustee will be given a copy of the current goveming document, accounts, as well as a presentation aboul the current slat8 of affairs by the COO. Policies and procedures adopted for the induction and training of trustees Para 1.51 NIA

The charity's organisational structure and any wider network with which the charrty works Para 1.51 NIA Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Re istered charil numtser Charity's principal address Caréer Com ass Previousl The Pro 1192775 175A Hoe St, London E17 3AP ert Prize

Names of the charity trustees who manage the charity Dates acted if not for whole ear Tru$tso nam Office lif any) Namè of person lor body) entitled olnt trusts• Ifan Arsalan Khalique Jessica Brown Ross Mccaskill sin￿ 1411212020 Since 1411212020 Since 1411212020 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Dlrector nam• ortwasa roved Name of Irustees holding title to property belonging to the charity Trustee namo Date8 actsd If not for whole aar

Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects ofthe charity on whose behalf the a55ets are held and how this falls within the cuslodian charity's objects NIA Details of arrangements for safe custody and segregation of such assels from the charity's own assets NIA Addltional informatlon {optional) Names and addresses of advisers (Optional inforniation) Type of Name Address adviser Name of chief executive or name$ of Senior staff members (Optional infomiation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional infonnation

Declarations Tha trustees declare that they have approved the trustees, report abovo. Slgned on behalf of the charlty's trustees Signature(sl Full name(sl Poslllon (eg Secretary, Chair, etc) Arsalan Khalique Trustee Date 1610912022

REGISTERED COMPANY NUMBER: CE024359 (England and Wales) REGISTERED CHARITY NUMBER: 1192775

Report of the Trustees and

Unaudited Financial Statements for the Period 14 December 2020 to 31 December 2021

for Career Compass

HKL Accountants Chartered Certified Accountants Unit 2 9 Cold Harborough Lane Rainham, Essex RM13 9YH

Career Compass

Contents of the Financial Statements for the Period 14 December 2020 to 31 December 2021

Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3 to 4
Notes to the Financial Statements 5 to 7
Detailed Statement of Financial Activities 8

Career Compass

Report of the Trustees for the Period 14 December 2020 to 31 December 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 14 December 2020 to 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

INCORPORATION

The charitable company was incorporated on 14 December 2020.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE024359 (England and Wales)

Registered Charity number

1192775

Registered office

175a Hoe Street Walthamstow London E17 3AP

Trustees

J Brown (appointed 14.12.20) A Khalique (appointed 14.12.20) R McCaskill (appointed 14.12.20)

Company Secretary

Approved by order of the board of trustees on 11 August 2022 and signed on its behalf by:

A Khalique - Trustee

Page 1

Career Compass

Statement of Financial Activities
for the Period 14 December 2020 to 31 December 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Charitable activities
Education and Training
Other
Total
NET INCOME
TOTAL FUNDS CARRIED FORWARD		 Unrestrict
fund
£
25,000
400
5,908
6,308
18,692
18,692

The notes form part of these financial statements

Page 2

Career Compass

Balance Sheet 31 December 2021

Notes
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
3
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
4
Unrestricted funds
TOTAL FUNDS		 Unrestrict
fund
£
19,557
(865)
18,692
18,692
18,692
18,692
18,692

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 3

continued...

Career Compass

Balance Sheet - continued

31 December 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 11 August 2022 and were signed on its behalf by:

A Khalique - Trustee

The notes form part of these financial statements

Page 4

Career Compass

Notes to the Financial Statements for the Period 14 December 2020 to 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 5

continued...

Career Compass

Notes to the Financial Statements - continued for the Period 14 December 2020 to 31 December 2021

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 December 2021.

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
25,000
25,000		 Net
movement
in funds
£
18,692
18,692
Resources
expended
£
(6,308)
(6,308)		 £
865
At
31.12.21
£
18,692		 £
865
18,692
Movement
in funds
£
18,692
18,692

Page 6

continued...

Career Compass

Notes to the Financial Statements - continued for the Period 14 December 2020 to 31 December 2021

5. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 December 2021.

Page 7

Career Compass

Detailed Statement of Financial Activities for the Period 14 December 2020 to 31 December 2021

£

INCOME AND ENDOWMENTS

Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Grants to individuals
Other
Wages
Pensions
IT, Computer, Website cost
Professional fees
Total resources expended
Net income		 25,000
25,000
400
5,504
117
273
14
5,908
6,308
18,692

This page does not form part of the statutory financial statements

Page 8